VSTL vs. MVLL

Last updated Jun 6, 2026

VSTL (Defiance Daily Target 2X Long VST ETF) and MVLL (GraniteShares 2x Long MRVL Daily ETF) are both Leveraged Equities funds. VSTL is actively managed, while MVLL is passively managed. At a 0.31 correlation, their price movements are largely independent. VSTL charges 1.29%/yr vs 1.50%/yr for MVLL.

Performance

VSTL vs. MVLL - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Defiance Daily Target 2X Long VST ETF (VSTL) and GraniteShares 2x Long MRVL Daily ETF (MVLL). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, VSTL achieves a -31.04% return, which is significantly lower than MVLL's 590.25% return.

VSTL

• 1D: -6.51%
• 1M: -15.06%
• YTD: -31.04%
• 6M: -37.25%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

MVLL

• 1D: -33.13%
• 1M: 99.48%
• YTD: 590.25%
• 6M: 396.79%
• 1Y: 787.63%
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

VSTL vs. MVLL - Yearly Performance Comparison

	2026 (YTD)	2025
VSTL Defiance Daily Target 2X Long VST ETF	-31.04%	-37.91%
MVLL GraniteShares 2x Long MRVL Daily ETF	590.25%	10.06%

Correlation

The correlation between VSTL and MVLL is 0.31, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jul 23, 2025	0.31

Return for Risk

VSTL vs. MVLL — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

MVLL

MVLL Risk / Return Rank: 94
MVLL Sharpe Ratio Rank: 98
MVLL Sortino Ratio Rank: 89
MVLL Omega Ratio Rank: 89
MVLL Calmar Ratio Rank: 98
MVLL Martin Ratio Rank: 96

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

VSTL vs. MVLL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Defiance Daily Target 2X Long VST ETF (VSTL) and GraniteShares 2x Long MRVL Daily ETF (MVLL). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	VSTL	MVLL	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	5.79	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.63	2.35	-2.98

Drawdowns

VSTL vs. MVLL - Drawdown Comparison

The maximum VSTL drawdown since its inception was -71.42%, which is greater than MVLL's maximum drawdown of -59.02%. Use the drawdown chart below to compare losses from any high point for VSTL and MVLL.

Drawdown Indicators

	VSTL	MVLL	Difference
Max Drawdown Largest peak-to-trough decline	-71.42%	-59.02%	-12.40%
Max Drawdown (1Y) Largest decline over 1 year	—	-48.93%	—
Current Drawdown Current decline from peak	-66.17%	-33.13%	-33.04%
Average Drawdown Average peak-to-trough decline	-40.42%	-22.38%	-18.04%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	23.55%	—

Volatility

Volatility by Period

	VSTL	MVLL	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	76.12%	—
Volatility (6M) Calculated over the trailing 6-month period	—	104.23%	—
Volatility (1Y) Calculated over the trailing 1-year period	98.65%	137.34%	-38.69%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	98.65%	142.73%	-44.08%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	98.65%	142.73%	-44.08%

VSTL vs. MVLL - Expense Ratio Comparison

VSTL has a 1.29% expense ratio, which is lower than MVLL's 1.50% expense ratio.

Dividends

VSTL vs. MVLL - Dividend Comparison

Neither VSTL nor MVLL has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both VSTL and MVLL in my portfolio?

VSTL and MVLL have a correlation of 0.31, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, VSTL or MVLL?

On fees, VSTL is cheaper at 1.29% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, VSTL or MVLL?

VSTL is cheaper with a 1.29% expense ratio, compared with 1.50% for MVLL.

Which ETF pays a higher dividend yield, VSTL or MVLL?

VSTL and MVLL have nearly identical dividend yields, around 0.00%.

What is the main difference between VSTL and MVLL?

They also come from different issuers: Defiance and GraniteShares. Their fees differ too: 1.29% for VSTL and 1.50% for MVLL.